China: Downward trend in investment growth continues in April
May 13, 2015
In the first four months of the year, urban fixed-asset investment excluding rural households (FAI) expanded 12.0% over the same period last year, which was below the 13.5% increase recorded in the January-March period. The reading represented the weakest expansion in investment since 2000 and undershot the 13.5% increase that market analysts had expected. The deceleration mainly resulted from weaker growth in all the main sectors. In addition, the closely-watched real estate development indicator moderated again in the January-April period, reaching the lowest annual growth since May 2009.
A month-on-month comparison shows that investment in urban fixed assets rose a seasonally-adjusted 0.89% in April, which was down from the 1.00% increase tallied in March and marked an 18-month low.